Lehman Brothers Holdings is suing JP Morgan Chase.
From the link:
Lehman claims JP Morgan “siphoned off” billions of dollars of assets in the days leading up to its bankruptcy.
JP Morgan was Lehman’s main short-term lender before its September 2008 collapse. It is accused of contributing to the failure by demanding $8.6bn of collateral as credit markets tightened.
JP Morgan has called the lawsuit “ill-conceived”.
